We have simplified the choice process with an in-depth analysis of the best cryptocurrencies to buy
Are you looking to start investing in cryptocurrencies but are unsure of where to start? Well, you have come to the right place. We have simplified the choice process with an in-depth analysis of the best cryptocurrencies to buy now. As a new investor in cryptocurrencies, finding high growth, yet low risk cryptocurrencies can be tasking. Quite understandable given that hundreds of new cryptocurrencies are coming to the market daily.
Bitcoin is one of the most popular cryptocurrencies. It is the first successful blockchain-based currency to hit the market in 2009. Crypto investors have been trying to figure out the next Bitcoin or the best cryptocurrency to get their hands on. Although many altcoins have emerged recently, the dominance of BTC remains.
Ethereum was the first major project to introduce smart contracts. These smart contracts allow developers to launch mobile and desktop decentralized applications (dApps) on top of the blockchain. Thousands of tokens run on the Ethereum network, and it is these tokens that spurred the initial coin offering (ICO) movement.
What started as a meme now serves a purpose. Dogecoin’s primary usage has now become a model for tipping people online who share helpful information or are just hilarious. Over the past year, Dogecoin has been in the news for several reasons, be it the Reddit fiasco or Elon Musk becoming a ‘Dogefather’. This popularity is predicted to continue, boosting its price slowly but surely.
In the world of blockchains, Chainlink is one of the first to allow the integration of off-chain data into smart contracts with an Oracle network. This enables blockchains to connect with external data and transactions securely. On account of its applications, experts predict an upward chart for this cryptocurrency as Chainlink’s technology is crucial for the advancements of smart contracts.
Dogecoin emerged out of a meme, but quite rapidly it became something that could gather a growing community of loyal supporters. Despite its whimsical beginnings, SHIB emerged as one of the top cryptocurrencies in the market with big selling points. The community also created an NFT project back in 2021 about SHIB that has enabled it to gain more attraction from investors.
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called the XRP ledger. It is the native coin of Ripple, which is an enterprise blockchain company that facilitates global transactions. The creators claim that XRP was built for payments and can settle transactions faster than most other cryptocurrencies securely and efficiently.
Polkadot is also a blockchain network that is working on interoperability protocols. It connects several chains in a single network and allows parallel transactions in a single network. Its top cryptocurrency, DOT, is used for governance, connecting with parachains, and governance.
The motto of Ripple Company is to unleash digital scalability across the globe and reduce transaction costs associated with cross-border fund transfers. On its way to fulfilling this mission, RippleNet has launched XRP, its digital currency, into the cryptocurrency sphere. According to experts, XRP and the tactic that it works on could reach a new level in the future. But the XRP token is tangled in a court case with the SEC.
Binance Coin is used to trade other cryptocurrencies and pay fees on Binance, one of the biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be used for many functions like even booking travel arrangements. If you are going to invest in cryptocurrencies for the first time, it’s best to invest in Binance first and then trade it for other cryptocurrencies.
Uniswap runs on the Ethereum network and powers the Uniswap crypto exchange. This exchange works on an automated liquidity model for trading, with no involvement of a bank or a broker. Uniswap is also an open-source platform, so anyone can use the code to create new exchange platforms. This token was launched in 2020, and in one year grew to become the most popular cryptocurrency in the town.
The post The Best Cryptocurrencies to Buy this Week appeared first on Analytics Insight.
6 Of The Best Cryptocurrencies To Buy During The Big Crypto Crash
Cryptocurrency is a volatile asset class, mainly due to the uncertainty surrounding the blockchain as a viable area of technological development. There are regular cycles, known as bull markets and bear markets, and investors currently find themselves in the middle of a major bear cycle.
While these bearish moments can bring low sentiment for investors, they are the best time to get involved in long-term investments because tokens tend to be underpriced. In this article, you can find 6 of the best crypto tokens to buy to get your portfolio ready for some major gains over the next few years.
#1 Metacade (MCADE) – Expansive Play-to-Earn Arcade
The best crypto to buy is without a doubt Metacade. The platform is planning to become an advanced play-to-earn gaming platform that delivers a wide variety of different arcade games in a single location. As GameFi continues to grow and attract more players with its unique functionality, Metacade could rapidly become the central hub for a dedicated community of blockchain gamers.
As well as building the biggest on-chain arcade, Metacade will attract GameFi enthusiasts with tantalizing information about the industry. The project has an advanced incentive system where users can earn rewards for sharing what they know about the space, including the latest tips and tricks for the best play-to-earn platforms in the world of Web3.
Metacade also plans to become governed by its community over time, aiming to become a decentralised autonomous organisation (DAO) after 2024. By giving more power back to gamers to influence the future of the GameFi industry, Metacade looks set to become extremely popular over time and attract a large user base.
There are 2,000,000,000 MCADE tokens in total. 70% of this amount has been released as part of a fair launch presale event in which all crypto investors have an equal opportunity to invest at low prices.
Why buy MCADE?
The Metacade platform will offer advanced play-to-earn capabilities to a vast potential user base and has already been attracting widespread interest across Web3. The MCADE token presale has been popular and is still ongoing.
Crypto investors rarely get an opportunity like this where they can get involved in a high-potential project at some very reasonable prices. MCADE was launched at $0.008 per token and its value has the potential to rise by up to 100x over the coming years.
>>> You can participate in the MCADE presale here <<<
#2 Tezos (XTZ) – Advanced Blockchain Technology
Tezos is a decentralised blockchain that supports smart contracts and decentralised applications. Tezos uses a proof-of-stake consensus algorithm, meaning XTZ holders can earn rewards for participating in the network. Tezos also offers on-chain governance, which allows token holders to vote on protocol upgrades.
The network uses formal verification, which helps to ensure that the Tezos network is secure and stable. Formal verification also allows for new features to be added to Tezos without hard forks. Tezos is a widely used decentralised blockchain service and has formed partnerships with some major sports teams, including Manchester United in the Premier League and McLaren in Formula 1.
Tezos has a total supply of 1 billion XTZ. The circulating supply for Tezos is over 91% of its total, which gives the network deflationary tokenomics.
Why buy XTZ?
Tezos aims to improve upon older blockchain networks, such as Bitcoin and Ethereum, by providing an easily upgradeable network that can evolve and expand over time. In addition to supporting advanced smart contracts, Tezos delivers a secure and scalable blockchain solution, which is why it is one of the best cryptos to buy in December 2022.
The price of XTZ is currently less than $1. It is a top 50 cryptocurrency by market cap and has the potential to rise by 10-50x over the next few years as the wider crypto markets recover from the bear market.
#3 Cardano (ADA) – 1,000,000 TPS
Cardano is number 3 on the list of best cryptos to buy. It is a decentralised public blockchain and cryptocurrency project that is fully open source. The network supports smart contracts and the development of decentralised applications, as it aims to deliver more advanced features than any protocol that has previously been developed.
Cardano was one of the first blockchains to introduce a proof-of-stake consensus mechanism, which allowed the blockchain to deliver a vastly more scalable solution to previous iterations of the technology.
While Cardano has recently been overtaken in terms of transaction throughput, the project is developing an upgrade known as Hydra that will increase transactions per second from 250 to potentially 1,000,000 TPS, which is almost 50x higher than VISA’S capability.
Cardano has a total supply of 35,157,347,936 ADA and a circulating supply that amounts to approximately 98% of this total.
Why buy ADA?
With the introduction of the Hydra upgrade, Cardano will become one of the fastest and cheapest blockchains in the world of cryptocurrency. The ADA token is already the ninth largest by market cap and when the blockchain can process up to 1 million TPS, it could explode to an even higher price level.
Optimistic price projections place ADA as having a future value of over $10, which would involve a price increase of over 30x from current levels.
#4 Litecoin (LTC) – Digital Silver
Litecoin is a decentralised cryptocurrency that uses blockchain technology to facilitate instant, peer-to-peer payments. It is one of the best cryptos to buy during the bear market. Litecoin was created in 2011 as an alternative to Bitcoin and it has since become one of the most widely used cryptocurrencies in the world. Litecoin is similar to Bitcoin in many ways, but there are also some key differences.
Litecoin has faster transaction speeds than Bitcoin, as well as a higher maximum supply. More LTC tokens are mined in each block and it is also more accessible to miners due to having a lower running cost. While Bitcoin is known as digital gold, Litecoin is known as digital silver.
There are 84,000,000 LTC tokens in total with over 85% of this total having already been mined.
Why buy LTC?
Litecoin is a more scalable alternative to Bitcoin’s core Layer 1, as it can process more transactions at a cheaper cost. People use LTC as an alternative to BTC for sending value over the internet, across national borders at high speeds and low cost.
After reaching highs of $413 per LTC token during 2021, crypto investors are expecting LTC to increase by up to 10x in value from current prices.
#5 Polygon (MATIC) – Scaling Ethereum
Polygon is a unique project in the blockchain space that is focused on bringing Ethereum to scale. Polygon can deliver very low transaction speeds and costs and can help the biggest Web3 ecosystem to scale in line with the rest of the industry. This is an important function, which can be seen as the primary reason for Polygon’s high projected value over the coming years.
Polygon’s native token, MATIC, fuels the network. It is used to process transactions, pay gas fees, and deliver token rewards to validators. It can also be staked to earn a passive income, as users who stake MATIC earn a portion of all transaction fees. Stakers can also vote on governance proposals to shape the future development of the network.
There are 10,000,000,000 MATIC tokens in total, with over 87% of this total currently in circulation. MATIC has a variety of use cases and is the foundation of a network that can support a high number of users in an ecosystem of decentralised applications.
Why buy MATIC?
The Polygon network is home to some of the most advanced GameFi projects in the world of Web3. The network is perfectly suited to GameFi, as virtual economies are a foundational feature in most play-to-earn games. A key requirement by extension is that players need to make a high number of blockchain transactions while playing. Polygon delivers this functionality in a fast and low-cost ecosystem, which improves the playing experience for blockchain gamers.
Polygon is expected to play an important role as cryptocurrency continues to expand. Since the network brings Ethereum to scale, it has a unique value proposition that suggests the token is currently underpriced. Over time, MATIC tokens could increase by 20-50x in value. This is exactly why it is number 5 on the list of best crypto to buy.
#6 The Secret Order of Lumiiis (LUMIII) – Making Blockchain Accessible
The Secret Order of Lumiiis is a very unique project within the world of Web3. It aims to increase the level of blockchain education for younger generations by creating a fun and interactive TV program called The Secret Order of Lumiiis.
The TV program is aimed to educate children using an engaging storyline where cartoon characters adventure through a fantasy world. The Secret Order of Lumiiis is interactive in that viewers can find hidden QR codes that are embedded in the program’s animations. Scanning these QR codes can provide interesting digital asset rewards, such as free NFTs.
LUMIII is the native token. It has a circulating supply of approximately 505,000,000 LUMIII, and a current price of $0.02, meaning its market cap is currently low, sitting at $10 million.
Why buy LUMIII?
The project has only just been launched, with the token going live on 22nd September 2022. It currently has a very low price and can be seen as a strong investment for the future as it looks to onboard the next generation of blockchain users through easily accessible education. Experts are predicting major gains for the token over the next few years, so it is number 6 on the list of best cryptos to buy during the crypto crash.
Summary: Metacade Looks Best for Long-Term Gains
Metacade is number 1 on this list for a reason. The MCADE token has only just launched its presale event and is attracting a lot of attention within the wider crypto space. The project itself could serve an extraordinarily large number of players as it expands over time, becoming the single biggest arcade to be built with blockchain technology.
The MCADE token also offers fantastic utility across the project, with players being given extensive opportunities to earn crypto, through a wide range of easily-understood features on the Metacade platform.
With a starting presale price of just $0.008 per token, Metacade looks like a major buying opportunity that could return vast gains in the coming years. As always in crypto, the earlier you buy, the bigger the returns and this project is certainly one to get into sooner than later.
You can participate in the MCADE presale here.
The post 6 of the Best Cryptocurrencies to buy during the big crypto crash appeared first on Analytics Insight.
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